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Search Results 0 to 6 of about 7 (some duplicates have been removed)
. that's a solid $50,000 a year. that's also the median income for u.s. households. education and health services, these are important jobs for society. workers there earn an average of $24.28 an hour and also around 50 grand a year. again, if you work fulltime. then there's the very top. those are highly educated, highly skilled and highly motivated. census data show the top 20% making six figures, pulling in almost half of the income in the u.s. for this american recovery to work we need to have a middle, a big, prosperous happy middle. don't you think? it has defined generations of americans. the question is how do we get there? peter morici is a professor of international business at the university of maryland and former director at the u.s. international trade commission and peter navarro is the author of "death by china the "and john doggett is a professor at the university of texas at austin. professors, thanks for joining me. let's get to school. let's get to the lightning round. 25 seconds or less. what is your number one way right now to grow middle class jobs? peter morici, yo
the numbers. the u.s. economy added 171,000 jobs in october as you both well know, surprisingly strong number. it may end up being the final political football, really the last thing you can give a speech on or cite a press release on. both candidates wasted no time spinning the numbers. listen. >> he said he was going to lower the unemployment rate down to 5.2% right now. today we learned that it's actually 7.9%, and that's 9 million jobs of what he promised. >> this morning we learned that companies hired more workers in october than at any time in the last eight months. >> so velvhi, do voters care or is it just noise? >> it's a jobs report you can spin is it either way. you wanted to say the unemployment rate is higher, it could, as the romney camp did. they didn't mention, all day they didn't mention the 171,000, and you didn't hear the unemployment rate being discussed by the obama campaign. what we found on the road from florida all the way through the swing states, through virginia and to here is that largely people are interested in two things with employment, their own trend and the
saying don't worry, it won't be a recession and 535 people won't agree it won't crith u.s. economy. the $7 trillion taken out of the economy over ten years what. would be felt first? >> i think one thing we should go into this with, we may go over the cliff but we won't stay over the cliff. people in washington don't want us over the cliff for a couple of months. >> i think that's risky with the markets. >> that's playing with fire, you know. >> whatever your ideology, whatever you think about taxes and how much revenue we should raise and from whom, we should all agree that everybody should know what the heck it is they have got to pay. >> that's right. >> if i'm going to budget my paycheck, would i like to know what i'm getting in my paycheck. >> congress made this to be so horrible that we would never ever do it. congress said like here's a cup of poison. if we don't get a budget deal we'll make us drink the poison. now they are saying that poison won't kill it, but they design it had so we would never be standing here and talking about and it now on the left paul krugman and ot
, making it hard for american companies to compete. that means fewer jobs and lower wages here in the u.s. we need a smart trade policy that protects american workers without hurting american businesses. america needs a 21st century workforce. that comes through education. to keep our place at the top, we need science, engineering and math skills taught earlier and with more efficiency. these four things, the fiscal cliff, jobs, china, education, they could define president obama's legacy and maybe immigration reform too. let's start at the top of that list. the most pressing issue, the fiscal cliff. you've seen the big picture, potentially the larges tax increase in history. here's what you will feel. your household tax bill will increase by $3500 on average. that's according to the nonpartisan tax policy center. $55 billion would be cut from defense spending. that will likely mean job cuts, slower production, not good for those connected to the defense industry. another $55 billion would be cut from things like education, food inspections and air travel. we've assembled cnn's best to po
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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